LMS Financial Benchmarking Survey 2017

Law › Legal Profession

LMS Financial Benchmarking Survey 2017

Edited by Law Society · Hazlewoods LLP
Law Society Publishing May 2017

Specifications

ISBN-13
9781784460723
Publisher
Law Society Publishing
Publication
May 2017
Format
Paperback
Jurisdiction
U.K. ? Countri(es) for reference only
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Details

Widely regarded as the leading annual health check for mid-sized firms, the LMS Financial Benchmarking Survey brings together the results of 160 firms to provide you with a comprehensive analysis of their comparable financial health.

Now in it's 17th year, this report looks at key metrics including:

  • Equity partner capital
  • Practice fee income
  • Interest receivable
  • Total year-end lock up dates
  • The ratio of fee earners to partners
  • Spend on non-salary overheads
  • Net profit per equity partner
  • The cost of an employed fee earner
  • The number of secretaries per fee earner
  • Partners' total drawings.

As a unique source of data that is essential for rigorous evidence-based decisions, this survey will help you to review your firm's financial performance objectively and to plan your strategy effectively.

Table of Contents

1. Introduction
2. Summary of findings
3. Fee income
4. Employment costs
5. Profitability
6. Characteristics of
the most profitable practices
7. Working capital
8. Financial stability
9. The short-term future fee predictions
10. Some key challenges coming up
Appendix
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